Walton Hi-Tech Industries PLC, country's leading electrical and electronics manufacturing company listed in capital market, has recorded about Tk 696.44 crore net profits during the first nine months (July'2024-March'2025) of the financial year (FY) 2024-25, says a press release.
It was disclosed in the third quarter (Q3) unaudited financial statements of the company for the period ended 31 March, 2025.
The report was published after reviewed and approved by the Company's Board of Directors in its 44th meeting held on Sunday (April 27, 2025).
The report says, following the post pandemic impact and Russian's invasion of Ukraine, global economy continues to be weakened through significant disruptions in trade, food and fuel price shocks, all of which are contributing to high inflation and subsequent tightening in global financing conditions. Besides, the price hike of material, vulnerable global market condition and devaluation of Bangladesh currency against foreign currencies have increased material cost drastically and also higher inflation rate has been impacted on company's operating cost. In addition, VAT on the supply of refrigerator has been increased to 7.5 percent from 5 percent and also 7.5 percent VAT has been imposed on the supply of air conditioner under the Finance Act 2024.
